Lahore: Sazgar Engineering Works Limited, a prominent player in the automotive sector, convened an Extra Ordinary General Meeting on March 17, 2026, to finalize significant administrative decisions. The meeting, which adhered to the regulations stipulated in the PSX Rule Book, was held at Encore by Zafar, located near Shanu Baba Chowk on Pine Avenue Road.

During the session, the election of nine individuals as directors for a three-year term commencing March 20, 2026, was confirmed. The election process was conducted in compliance with the Companies Act, 2017. The newly elected board members include Mr. Mian Asad Hameed, Mr. Saeed Iqbal Khan, Mrs. Saira Asad Hameed, Mr. Mian Muhammad Ali Hameed, Mrs. Sana Suleyman, Mr. Humza Amjad Wazir, and three independent directors: Mr. Umair Ejaz, Mr. Taha Mahmood, and Mr. Muhammad Omer Saeed.

In addition to the board election, the meeting addressed the approval of executive roles within the company. Mr. Saeed Iqbal Khan was sanctioned as the Chief Operating Officer (COO) of the Three Wheelers & Automotive Parts Division, while Mr. Mian Muhammad Ali Hameed was designated as COO of the Car Division. Both appointments are set to begin on March 20, 2026, and will span a three-year term.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions were passed as ordinary resolutions, reflecting the company’s strategic focus on leadership continuity and operational efficiency. The terms of remuneration, including various allowances and benefits for these executive positions, will be determined by the Board of Directors as per the provisions of the Companies Act, 2017.

The decisions taken in this meeting are anticipated to steer Sazgar Engineering Works Limited towards sustained growth and enhanced governance in the coming years.